Birla Sun Life Fixed Term Plan

Friday, September 18, 2009

Tax Efficient Returns
Suppose you have Rs. 1 Lakh to invest for 366 days and the returns in Fixed Term Plan as well as FD is 10% p.a. At the end of the term, you'll have Rs. 10,000 as your returns. Here's how Fixed Term Plan investments are more tax efficient to give you better in-hand returns.

Tax liability of Rs. 3,399 is calculated assuming income > Rs. 10 lakhs and includes applicable surcharge and education cess. Tax liability of Rs. 1,033 is calculated assuming long Term Capital Gains Tax of 10% and applicable surcharge and education cess. The above workings are for illustration purposes only and are based on prevailing taxation laws. Investors are further advised to consult their tax advisor before making investments.
Safety
Your money is invested in highly rated bonds issued by the government or reputed Indian companies, or in instruments with strong credit ratings, like debentures of top companies and so on.
Some of our Fixed Term Plans invest predominantly in Bank Certificate of Deposits which is like diversifying your investments into multiple FDs. Moreover, there are various durations like 375 days, 400 days, etc., that you can choose from.
Disclaimer:
The returns under FTP will depend on market yields at the time of deployment of funds and actual returns to an investor will be based on the actual NAV which may go up or down depending on the market conditions. Investors in the Scheme are not being offered any guaranteed / assured returns.

 

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